Guideline Value for BOOBATHI NAGAR

Boobathi Nagar guideline value

The current guideline value of Boobathi Nagar, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 714 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Boobathi Nagar has changed

The guideline value for Boobathi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 575 per sq.ft. This was followed by a decrease to Rs 385 per sq.ft in 2017. The 2023 revision saw an increase to Rs 575 per sq.ft, and the most recent revision in 2024 raised it further to Rs 714 per sq.ft, marking a 24% increase from the previous year.

Between the revisions, the changes are notable. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 24%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this village is Rs 711 per sq.ft, placing Boobathi Nagar's 2024 figure above this median.

• B T R Nagar: Rs 716 per sq.ft (2024)
• B T R Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Chandhira Vadhana: Rs 890 per sq.ft (2024)
• Chellammal Colony: Rs 770 per sq.ft (2024)
• Chellammal Colony 1st Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 2nd Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Boobathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 714 per sq.ft, the total guideline value amounts to Rs 7,14,000. The stamp duty at 7% would be Rs 49,980, and the registration fee at 2% would be Rs 14,280, bringing the total to Rs 64,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boobathi Nagar?

The Sub Registrar Office that covers Boobathi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value for accurate financial planning.

Frequently asked questions

What is the current guideline value of Boobathi Nagar?

The current guideline value of Boobathi Nagar is Rs 714 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 385 per sq.ft in 2017, then to Rs 575 per sq.ft in 2023, and finally to Rs 714 per sq.ft in 2024.

What is the land classification of Boobathi Nagar?

Boobathi Nagar is classified as Residential Class I Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Boobathi Nagar?

For a property valued at Rs 7,14,000, the stamp duty would be Rs 49,980, and the registration fee would be Rs 14,280, totaling Rs 64,260.

Where can I find the Sub Registrar Office for Boobathi Nagar?

The Sub Registrar Office for Boobathi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.